My Business Is Undergoing Restructuring – How Will This Impact My Sponsor Licence?

When the structure of your business is changing, be that through mergers, acquisitions or takeovers, it is important to consider the ramifications for your sponsor licence.

What are Sponsor Licences

The sponsor licence is a permit granted by the UK Home Office, thereby authorising an organisation to employ individuals from outside the UK. However, some foreign employees do not require sponsorship, such as those with settled or pre-settled status under the EU Settlement Scheme or those with indefinite leave to remain in the UK.

The Triggering Factors for Reporting – What is the Timeline?

Any change in the controlling interest of a company, whether through a sale, purchase or takeover, triggers a reporting requirement and may trigger a new licence requirement. This also includes mergers, which combine two or more companies into a single entity, and takeovers, where one entity acquires control over another. Additionally, similar provisions are applicable for